JSW SteelNSE: JSWSTEELBSE: 500228Metals & Mining · Iron & Steel

₹1,270.000.80 (0.06%)

Mkt Cap: ₹3.11 L Cr.
P/E (TTM): 12.54
Open: ₹1,276.40
Day's Range: ₹1,262.00 – ₹1,282.20
52W Range: ₹1,018.00 – ₹1,328.00
Div Yield: 0.56%
EPS (TTM): ₹101.36
Book Value: ₹409.91

JSW Steel Financial Statements

Name: JSW Steel Financials — historical data
Creator: StockeZee

For Mar 2026, JSW Steel reported revenue of ₹1,85,470 crore and net profit of ₹22,316 crore. Return on equity stands at 10.20%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹1,85,470 Cr
EBITDA: ₹29,821 Cr
Operating margin: 16.08%
Profit after tax: ₹22,316 Cr
Net margin: 12.03%
EPS: ₹91.26
Latest year: Mar 2026
Years reported: 9

JSW Steel profit & loss

Reported annual performance for JSW Steel, oldest to newest. Figures in ₹ crore unless a row states otherwise.

JSW Steel annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	71,503	84,757	73,326	79,839	1,46,371	1,65,960	1,75,006	1,68,824	1,85,470
Sales Growth YoY %	—	18.54%	-13.49%	8.88%	83.33%	13.38%	5.45%	-3.53%	9.86%
Other Income	167	204	546	592	1,531	1,030	1,004	694	1,248
Total Income	71,670	84,961	73,872	80,431	1,47,902	1,66,990	1,76,010	1,69,518	1,86,718
Cost of Goods Sold (COGS)	39,025	43,206	38,730	32,508	59,270	93,334	91,667	89,998	96,591
Cost of Materials Consumed	38,779	43,476	38,865	32,623	62,337	94,456	93,590	88,324	88,836
Purchases of Stock-in-Trade	2	320	135	233	534	1,514	1,164	845	3,036
Changes in Inventories	244	-590	-270	-348	-3,601	-2,636	-3,087	829	4,719
Gross Profit	32,478	41,551	34,596	47,331	87,101	72,626	83,339	78,826	88,879
Gross Margin %	45.42%	49.02%	47.18%	59.28%	59.51%	43.76%	47.62%	46.69%	47.92%
Total Operating Expenses	17,684	22,599	22,723	27,190	48,094	54,079	55,103	55,922	59,058
Employee Benefit Expense	1,843	2,489	2,839	2,506	3,493	3,915	4,591	4,798	5,285
Other Expenses	15,841	20,110	19,884	24,684	44,601	50,164	50,512	51,124	53,773
EBITDA	14,794	18,952	11,873	20,141	39,007	18,547	28,236	22,904	29,821
OPM %	20.69%	22.36%	16.19%	25.23%	26.65%	11.18%	16.13%	13.57%	16.08%
Total Non-Operating Expenses	6,824	7,958	7,706	8,553	10,228	14,967	16,866	17,232	36,062
Depreciation & Amortisation	3,387	4,041	4,246	4,679	6,001	7,474	8,172	9,309	9,601
Finance Costs	3,701	3,917	4,265	3,957	4,968	6,902	8,105	8,412	9,102
Exceptional Items (Before Tax)	-264	0	-805	-83	-741	591	589	-489	17,359
Profit Before Tax (PBT)	7,609	11,198	3,103	12,014	28,828	5,792	13,552	5,388	29,725
Tax Expense	1,538	3,644	-906	4,142	8,807	1,516	4,407	1,586	3,742
Current Tax	1,826	2,473	943	2,467	4,974	1,499	3,674	1,768	3,799
Deferred Tax	-288	1,171	-1,849	1,675	3,833	17	733	-182	-57
Effective Tax %	20.21%	32.54%	-29.2%	34.48%	30.55%	26.17%	32.52%	29.44%	12.59%
Total Profit for Period	6,113	7,524	3,919	7,873	20,938	4,139	8,973	3,491	25,508
Less: Non-controlling Interests	-101	-115	-111	-38	273	-5	161	-13	3,192
Net Profit (Owner's PAT)	6,214	7,639	4,030	7,911	20,665	4,144	8,812	3,504	22,316
Net Profit Margin %	8.69%	9.01%	5.5%	9.91%	14.12%	2.5%	5.04%	2.08%	12.03%
PAT Growth YoY %	—	22.93%	-47.24%	96.3%	161.22%	-79.95%	112.64%	-60.24%	536.87%
Earnings Per Share (EPS)	₹25.71	₹31.6	₹16.67	₹32.73	₹85.49	₹17.14	₹36.03	₹14.33	₹91.26
Diluted Shares Outstanding (Cr.)	242	242	242	242	242	242	245	245	245
Profit/Loss from Associates	42	-30	-90	1	917	-137	-172	-311	-475
Other Comprehensive Income (Net of Tax)	-186	-50	-1,121	788	1,916	-1,904	2,077	50	-848
Expenses	64,061	73,763	70,769	68,417	1,19,074	1,61,198	1,62,458	1,64,130	1,56,993
Material Cost %	54.23%	51.29%	53%	40.86%	42.59%	56.91%	53.48%	52.32%	47.9%
Employee Cost %	2.58%	2.94%	3.87%	3.14%	2.39%	2.36%	2.62%	2.84%	2.85%
Other Cost %	22.15%	23.73%	27.12%	30.92%	30.47%	30.23%	28.86%	30.28%	28.99%
Interest Coverage (x)	3.08	3.81	1.79	3.91	6.64	1.6	2.48	1.62	2.22

JSW Steel revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

JSW Steel balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

JSW Steel annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	34,345	36,024	46,145	68,535	67,039	79,776	81,666	1,05,475
Equity Share Capital	301	301	302	301	301	305	305	305
Reserves & Surplus	34,494	36,298	46,462	66,996	65,394	77,364	79,191	99,748
Equity Method Investments	1,812	—	—	—	—	1,709	3,689	4,577
Total Equity	34,345	36,024	46,145	68,535	67,039	79,776	81,666	1,05,475
Non-Current Liabilities	38,561	52,108	58,873	70,399	74,076	82,357	98,450	94,824
Long-term Borrowings	29,656	44,673	49,731	57,929	61,696	67,354	81,983	75,608
Deferred Tax Liabilities	3,894	1,677	3,509	7,621	7,936	9,659	9,510	9,293
Non-Current Provisions	258	348	852	1,481	1,395	1,451	1,399	1,939
Other Non-Current Liabilities	4,221	3,072	2,197	1,080	3,010	49	35	1,895
Non-Current Financial Liabilities	30,188	47,011	52,315	60,217	61,735	71,198	87,506	81,697
Current Liabilities	42,008	43,688	43,299	57,551	69,963	66,065	60,626	69,370
Short-term Borrowings	6,333	8,325	1,999	12,046	16,876	18,221	13,974	19,924
Trade Payables	16,159	17,918	15,243	30,889	38,203	33,365	32,552	14,666
Current Financial Liabilities	39,702	40,943	39,104	52,145	59,536	60,710	54,537	62,180
Other Current Financial Liabilities	17,210	14,700	21,862	9,210	4,457	9,124	8,011	27,590
Other Current Liabilities	1,976	2,455	3,365	4,759	8,798	4,564	5,606	5,596
Current Provisions	134	161	274	256	280	439	285	332
Liabilities Held for Sale	—	—	—	—	—	—	—	7
Current Tax Liabilities	196	129	556	391	1,349	352	198	1,262
Total Liabilities	80,569	95,796	1,02,172	1,27,950	1,44,039	1,48,422	1,59,076	1,64,201
Total Non-Current Assets	81,359	95,251	1,12,465	1,31,111	1,42,928	1,63,664	1,70,006	1,66,241
Property, Plant & Equipment (PPE)	61,604	57,758	58,857	92,952	97,699	1,05,123	1,16,814	1,09,532
Capital Work-in-Progress	11,540	26,857	32,433	16,756	21,921	29,216	20,478	21,892
Intangible Assets	200	350	1,649	1,914	1,840	2,082	2,009	1,954
Investment Property	—	—	259	180	86	140	163	66
Non-Current Investments	—	1,257	8,573	4,932	10,249	5,534	5,709	5,123
Loans – Non-Current	433	772	1,022	125	130	120	70	3
Other Non-Current Assets	4,165	6,812	6,939	9,876	5,392	7,641	7,753	8,951
Non-Current Financial Assets	732	2,725	11,859	9,165	15,078	16,354	17,631	18,173
Net Fixed Assets	73,344	84,965	92,939	1,11,622	1,21,460	1,36,421	1,39,301	1,33,378
Total Current Assets	33,543	36,569	35,852	65,366	68,146	64,533	70,707	1,03,354
Inventories	14,548	13,864	14,249	33,787	33,135	37,815	34,956	32,765
Trade Receivables	7,160	4,505	4,486	7,457	7,134	7,548	8,415	11,260
Cash & Cash Equivalents	5,581	3,966	11,943	8,808	15,424	8,030	11,655	39,256
Current Investments	82	2	8	8	5	3	5,819	518
Loans – Current	561	742	622	759	717	4	2	90
Current Financial Assets	16,528	20,404	19,498	27,322	30,734	21,828	29,052	64,383
Other Current Assets	2,461	2,295	2,099	4,250	4,277	4,885	6,684	6,203
Other Current Financial Assets	2,538	3,152	1,569	1,715	2,164	1,925	1,531	11,526
Assets Held for Sale	12	—	—	8	4	1	29	81
Current Tax Assets	6	6	6	7	—	5	15	3
Net Working Capital	-8,465	-7,119	-7,447	7,815	-1,817	-1,532	10,081	33,984
Additional Asset Fields	-333	-575	-619	1,238	1,883	2,407	2,467	5,440
Def Tax Assets	117	—	—	—	539	300	297	18
Non Controlling Int	-450	-575	-619	1,238	1,344	2,107	2,170	5,422
Total Assets	1,14,914	1,31,820	1,48,317	1,96,485	2,11,078	2,28,198	2,40,742	2,69,676
Total Borrowings	35,989	52,998	51,730	69,975	78,572	85,575	95,957	95,532
Net Debt	30,408	49,032	39,787	61,167	63,148	77,545	84,302	56,276
Debt to Equity (x)	1.05	1.47	1.12	1.02	1.17	1.07	1.17	0.91
Current Ratio (x)	0.8	0.84	0.83	1.14	0.97	0.98	1.17	1.49

JSW Steel cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

JSW Steel annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	26,270	23,323	12,078	20,899	25,152
Profit Before Tax	28,828	5,792	13,552	5,388	29,725
Depreciation & Amortisation	6,001	7,474	8,172	9,309	9,601
Finance Costs	4,584	6,655	8,051	8,125	8,537
Working Capital Changes	-7,264	3,105	-13,615	-681	-3,708
Tax Paid	-5,379	-638	-2,779	-1,973	-3,225
Net Cash from Investing Activities	-14,745	-10,711	-14,638	-16,997	18,602
Purchase of PPE	-10,091	-14,324	-15,801	-12,694	-14,654
Sale of Fixed Assets	178	147	254	59	112
Interest Received	591	600	899	660	672
Net Cash from Financing Activities	-14,657	-5,977	-4,827	-262	-16,111
Proceeds from Borrowings	17,043	17,950	19,891	28,243	16,049
Repayment of Borrowings	-19,651	-14,158	-16,328	-18,758	-21,695
Interest Paid	-5,102	-6,902	-8,087	-8,835	-8,922
Dividend Paid	-1,571	-4,194	-822	-1,785	-685
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-417	-524	0	-369	-464
Net Change in Cash	-3,135	6,616	-7,394	3,625	27,601
Effect of Foreign Exchange Changes	-3	-19	-7	-15	-42
Free Cash Flow	16,179	8,999	-3,723	8,205	10,498
CFO / PBT (x)	0.91	4.03	0.89	3.88	0.85

JSW Steel key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

JSW Steel trades at a P/E of 12.54× against a sector median of 16.32× — a 23% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

JSW Steel valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	12.54
Forward P/E	Valuation	17.73
P/B	Valuation	3.11
PEG (TTM)	Valuation	-0.3
EV / EBITDA (TTM)	Valuation	8.01
P/S (TTM)	Valuation	1.64
Operating margin	Profitability	15.9%
Net margin (TTM)	Profitability	12.21%
Return on equity	Return ratios	10.2%
Return on capital employed	Return ratios	11%
Return on assets	Return ratios	4.95%
Debt to equity	Leverage & liquidity	0.99
Beta	Leverage & liquidity	1.22
EPS (TTM)	Per share	₹101.36
Book value	Per share	₹409.91
Revenue / share (TTM)	Per share	₹744.9
Cash flow / share	Per share	₹103.05
Dividend yield	Shareholder returns	0.56%
Dividend payout (TTM)	Shareholder returns	3.07%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

JSW Steel: frequently asked questions

What is JSW Steel's annual revenue?

JSW Steel reported revenue of ₹1,85,470 crore in Mar 2026, up 9.9% on the previous financial year.

Is JSW Steel profitable?

JSW Steel reported a net profit of ₹22,316 crore in Mar 2026, up 536.9% on the previous financial year.

What is JSW Steel's EPS?

JSW Steel reported earnings per share of ₹91.26 for Mar 2026.

What is JSW Steel's operating margin?

JSW Steel's operating margin for Mar 2026 was 16.08%.

What is JSW Steel's return on equity?

JSW Steel's return on equity stands at 10.20%. ROE measures profit generated per rupee of shareholder equity.

How many years of JSW Steel financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

More JSW Steel data

Compare financial statements with peers

Explore

Comparing financial statements across companies is more useful than reading one in isolation — the peer links above open the same view for JSW Steel’s closest listed competitors.

Disclaimer

The data, ratios and commentary about JSW Steel Ltd (JSWSTEEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.